Plaisir, September 13, 2017 – Zodiac Aerospace reported sales of €5,126.2m for its fiscal year 2016/2017 (September to August), decreasing by -1.6% on a reported basis. Foreign exchange rates had a +0.4 point positive impact on growth rate over the period, compensating the -2.0% organic decrease.
Sales for the fourth quarter were at €1,337 million, down by -2.1% on a reported basis and +0.2% on a like-for-like basis due to a negative currency impact of -2.3 points.
By branch, Aerosystems had a good fiscal year with strong organic growth rate quarter after quarter. Cabin is improving while Seats is down, because of its industrial difficulties but also of an unfavorable comparison basis in the second half.
FY 2016/2017 sales stood at €5.1bn (-1.6%)
Evolution in line with trends observed during previous quarters. The good performance of Aerosystems, especially during the second half, offsets the decline in Seats
Zodiac Aerospace maintains its operating profitability guidance for 2016/2017
Thanks to the ongoing action plans implemented to improve cash flow generation, the Net debt / EBITDA1 ratio at year-end should be well below 3x